Tax Return Consulting: Why It Matters

Filing a tax return in Canada can be complex, especially for newcomers. For Brazilian residents and other nationalities, there are unique differences from tax processes in their home countries. A thorough understanding of these nuances is crucial to ensure accuracy and compliance.

 A specialized consulting firm can provide the guidance needed to simplify the process and maximize your refund. 

Keep reading to understand better how accounting consultancy for your Tax Return can assist you. 

What is a Tax Return, and What Are the Deadlines?

In Canada, the Tax Return is the annual income tax declaration required for all residents, whether permanent or temporary.

For the 2023 tax year, submissions began on February 19, 2024, with a deadline in April. 

How to File a Tax Return in Canada 

To file your income tax return in Canada, you need to complete a form called a T4, which includes all your earnings and expenses for the corresponding tax year. For 2024, the base year is 2023. The T4 form is provided by the employers you worked for during that period. 

For students, the form is called a T2202A, which is issued directly by educational institutions.

Tax returns can be filed through the Canada Revenue Agency (CRA).

Why Rely on Accounting Consultancy for Your Tax Return

Accounting consultancy services for Tax Returns are important because they help individuals file their returns with greater security, efficiency, and accuracy. 

Specialized professionals are properly trained to understand all the steps involved in the process, as well as any recent updates to the rules, such as deductions for those working from home.

Speaking of deductions, it's worth noting that tax refunds (Tax Refunds) can be optimized with the help of an accounting consultancy. Moreover, you reduce the risk of making mistakes that could cause issues with the Canada Revenue Agency (CRA) and potentially lower your refund.  

Discover Real Tax’s Accounting Consultancy for Your Tax Return

Now that you understand the importance of accounting consultancy for your Tax Return, we’d like to introduce the services offered by Real Tax, which helps Brazilians in Canada with both personal and business tax returns.

For your convenience, all services are provided remotely, including document preparation, form completion, and tax return submission. 

To get started, simply fill out a straightforward online questionnaire and submit your tax documents. Real Tax will take care of the rest. See how easy it is?

 Don’t leave your tax return to the last minute. Connect with our team today!.